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Why exposing banks that have broken the rules is a difficult task
Three years after it was formed, the Banking Code Compliance Committee enforcing breaches of the Banking Code of Practice has used its most serious sanction just twice. That power is writing the name of a bank on a report.
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By [email protected] (ABC News)Three years after it was formed, the Banking Code Compliance Committee enforcing breaches of the Banking Code of Practice has used its most serious sanction just twice. That power is writing the name of a bank on a report.